HSBC Yanks Telerate Feed In Hong Kong, Other Centres Eye Similar K-R Deals
MARKET DATA
Hongkong & Shanghai Banking Corp. last month turned off the Dow Jones Telerate digital feed that was supplying its 160-position Hong Kong dealing room. The bank now relies on Knight-Ridder Financial alongside Reuters as its two main data sources, a move that it expects will significantly reduce its market data costs. Now that the cutover has been completed in Hong Kong, several other HSBC centres plan to evaluate similar moves (D&IS, 14 August, 1995).
Stuart Gulliver, who presided over Hong Kong
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